Ket Management: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Ket Management
Largest movements
- Tangible fixed assets +€11,476
up €11,476 (+161.2%), from €7,118 to €18,595
of which Other tangible fixed assets: +€13,223
- Cash -€9,071
down €9,071 (-90.4%), from €10,033 to €962
mainly Investment in fixed assets (net) (-€13,978) and Net result for the year (-€5,014)
- Receivables within one year -€2,386
down €2,386 (-10.3%), from €23,134 to €20,748
of which Trade receivables: -€7,404
- Other debts +€7,167
up €7,167 (+41.2%), from €17,407 to €24,573
- Reserves -€5,014
down €5,014 (-78.1%), from €6,418 to €1,404
- Trade debts -€2,241
down €2,241 (-63.5%), from €3,527 to €1,286
- Accrued charges and deferred income +€2,029
new in 2025: €2,029
- Tax, wage and social debts -€1,980
down €1,980 (-16.8%), from €11,816 to €9,837
of which Taxes: -€4,480
- Gross operating margin -€12,090
down €12,090, from €11,711 to -€379
- Taxes -€1,633
down €1,633 (-89.0%), from €1,835 to €202
- Depreciation +€1,195
up €1,195 (+91.4%), from €1,307 to €2,502
- Financial charges -€498
down €498 (-25.3%), from €1,970 to €1,471
- Other operating charges +€279
up €279 (+153.9%), from €181 to €460
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,668 | €41,629 | -€39 | -0.1% |
| Fixed assets | 21/28 | €7,118 | €18,595 | +€11,476 | +161.2% |
| Tangible fixed assets | 22/27 | €7,118 | €18,595 | +€11,476 | +161.2% |
| Plant, machinery and equipment | 23 | €1,082 | €961 | -€121 | -11.2% |
| Furniture and vehicles | 24 | €6,036 | €4,411 | -€1,625 | -26.9% |
| Other tangible fixed assets | 26 | - | €13,223 | +€13,223 | |
| Current assets | 29/58 | €34,550 | €23,035 | -€11,515 | -33.3% |
| Amounts receivable within one year | 40/41 | €23,134 | €20,748 | -€2,386 | -10.3% |
| Trade receivables | 40 | €23,134 | €15,730 | -€7,404 | -32.0% |
| Other amounts receivable | 41 | - | €5,018 | +€5,018 | |
| Cash at bank and in hand | 54/58 | €10,033 | €962 | -€9,071 | -90.4% |
| Deferred charges and accrued income | 490/1 | €1,383 | €1,325 | -€59 | -4.3% |
| Total equity and liabilities | 10/49 | €41,668 | €41,629 | -€39 | -0.1% |
| Equity | 10/15 | €8,918 | €3,904 | -€5,014 | -56.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,418 | €1,404 | -€5,014 | -78.1% |
| Distributable reserves | 133 | €6,418 | €1,404 | -€5,014 | -78.1% |
| Amounts payable | 17/49 | €32,750 | €37,725 | +€4,975 | +15.2% |
| Amounts payable within one year | 42/48 | €32,750 | €35,696 | +€2,946 | +9.0% |
| Trade debts | 44 | €3,527 | €1,286 | -€2,241 | -63.5% |
| Suppliers | 440/4 | €3,527 | €1,286 | -€2,241 | -63.5% |
| Taxes, remuneration and social security | 45 | €11,816 | €9,837 | -€1,980 | -16.8% |
| Taxes | 450/3 | €9,816 | €5,337 | -€4,480 | -45.6% |
| Remuneration and social security | 454/9 | €2,000 | €4,500 | +€2,500 | +125.0% |
| Other amounts payable | 47/48 | €17,407 | €24,573 | +€7,167 | +41.2% |
| Accrued charges and deferred income | 492/3 | - | €2,029 | +€2,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,307 | €2,502 | +€1,195 | +91.4% |
| Other operating charges | 640/8 | €181 | €460 | +€279 | +153.9% |
| Gross operating margin | 9900 | €11,711 | -€379 | -€12,090 | |
| Operating profit (loss) | 9901 | €10,223 | -€3,341 | -€13,564 | |
| Financial charges | 65/66B | €1,970 | €1,471 | -€498 | -25.3% |
| Recurring financial charges | 65 | €1,970 | €1,471 | -€498 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €8,253 | -€4,812 | -€13,065 | |
| Income taxes | 67/77 | €1,835 | €202 | -€1,633 | -89.0% |
| Profit (loss) for the period | 9904 | €6,418 | -€5,014 | -€11,432 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,418 | -€5,014 | -€11,432 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.